HFF Provides $26.65M Loan For USC Student Housing Portfolio
University of Southern California, Los Angeles, CA, USA
$26,650,000
$327/SF
Building Size
81,374 SF
Asset Type
Mixed-use
Closing
Nov 5, 2018
AI
A student housing portfolio comprising of 19 properties and 245 beds, located at University of Southern California in LA, has secured a loan of $26,650,000 from HFF. This five-year fixed-rate loan allows the owner, Mosaic Investment Partners, to continue operating these properties as student housing. The total square footage of the portfolio is 81,374.
Summary of transaction details
- Property Type: Student Housing Portfolio
- Transaction Amount: $26,650,000
- Address: University of Southern California, LA
- Asset Type: 19 properties, 245-bed student housing portfolio
- Lender: HFF
Greg Brown represented the lender, HFF, throughout the loan transaction. AJ Manas, on the other hand, represented Mosaic Investment Partners as the landlord's representative. Both individuals played a crucial role in ensuring the successful completion of this financing agreement.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93